The Securities and Exchange Commission of Pakistan has approved the Offer for Sale prospectus of Naya Nazimabad Apartments REIT, clearing the way for the real estate investment trust to be listed on the Pakistan Stock Exchange.
The offering comprises 44.06 million units, representing 15 percent of the REIT scheme’s total units. The units will be offered through the book building mechanism, with 75 percent allocated to institutional investors and high net worth individuals and the remaining 25 percent reserved for retail investors.
Naya Nazimabad Apartments REIT is a closed end Developmental REIT established under the Real Estate Investment Trust Regulations, 2022. The scheme is developing acquired real estate into commercial, retail and residential properties, with returns for unit holders expected to come from the sale of completed properties.
The listing will further expand the number of publicly traded real estate investment vehicles in Pakistan. The country currently has 29 registered REIT schemes, of which six are listed on the Pakistan Stock Exchange. NNAR will become the seventh listed REIT once listed.
The offering is also the 13th public offering approved by the SECP in 2026, highlighting continued activity in Pakistan’s primary capital market. The regulator said businesses from sectors including manufacturing, technology, energy, food, agriculture and real estate are increasingly using the stock market to raise capital for growth.
SECP Chairman Dr. Kabir Ahmed Sidhu said the rise in public offerings showed growing reliance on the capital market for business financing and investment. He said a robust primary market helps channel savings into productive investment while providing businesses with alternative sources of long term financing.
According to Sidhu, the SECP is working to reduce the time and cost involved in raising capital, improve transparency and rate discovery, and increase participation from both issuers and investors.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Related stories
57% of employers use senior titles to attract or retain talent: Survey
About the AuthorSheetal GoelSheetal Goel is a Content Producer at Livemint, where she covers corporate developments, personal finance, business trends, markets, and SEBI-related updates.…
Low price and El Nino shrink Aavin’s milk supply, farmers prefer private…
Farmers struggling to water milch animals because of dry weather; while Aavin offers ₹38 a litre of high quality milk, industry sources say private…
Govt Approves Plan to Make Electricity Affordable in Pakistan
The Cabinet Committee on Energy, chaired by Prime Minister Muhammad Shehbaz Sharif, has approved the high-level design of an integrated… Read More The post…
Parking overhaul at K.R. Market brings seamless movement but hits small vendors’…
The Greater Bengaluru Authority has installed barricades and created a dedicated route to enter the facility, halving the width of Avenue Road for the…